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Daily fantasy sports giant DraftKings has closed on a $300 million Series D round of venture funding, valuing the company at more than $1 billion and extending a historic wave of investment into the space.
Fox Sports led the round, joined by MLB, the NHL, MLS, Madison Square Garden and Legends Ho...

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The Professional Bicycle League plans to raise $100,000 through a private
placement in the next three months, said the league's commissioner, Pete O'Neil.
The league, which combines indoor, full-contact mountain-bike racing with musical
concerts, raised $300,000 in 1998, O'Neil said.
The ...

Fitch IBCA rated "AA-" $70 million of municipal
bonds that will pay for infrastructure needed for the New England Patriots'
new stadium.
The Patriots will pay for the full cost of the $225 million stadium,
with the state paying the $70 million for in ...

Nike Inc. shares fell sharply but recovered somewhat after a Wall Street
analyst's report that the sneaker giant's stock is likely to stagnate for a while.
Nike shares plunged 11 percent before recovering to close at $40.40 on June 12,
the day Goldman Sachs analyst Margaret Mager reiterated ...

After watching the price of its stock fall, officials at Orlando Predators
Entertainment Inc. will abandon their efforts to buy three minor league hockey teams
and a minor league baseball team.
Last year, the parent company of the Arena Football League's Orlando Predators
reached an agreem ...

Detroit Tigers and Red Wings owner Michael Ilitch plans a major sports financing
that would personally net him roughly $50 million, according to several banking
sources familiar with the plan.
The $50 million is intended, in part, to help defray operating losses the Tigers
suffered in rece ...

Ilitch paying for overruns
Detroit Tigers owner Mike Ilitch and Olympia Entertainment are using
cash and loans to cover nearly $100 million in additional costs for
the team's new Comerica Park, according to a Detroit Free Press report.
...